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Caring Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added
Caring Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing and shearing. In the Dyeing Department, direct materials (dye) are added at the beginning of the process. Conversion costs are incurred evenly throughout the process. Information for November 2018 follows
0 Requirements 1. Prepare the November production cost report for Caring's Dyeing Department. The company uses the weighted average method. 2. Journalize all transactions affecting Caring's Dyeing Department during November, including the entries that have already been posted. Assume labor costs are accrued and not yet paid. Print Done 1 Dald lable UNITS 50 rolls 585 rolls 500 rolls 135 rolls Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending Work-in-Process (80% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $4,500; materials cost, $1,500; conversion costs, $5,000) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,350; manufacturing overhead allocated, $43,194) $ 11,000 21,535 11,200 51,544
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